The Surface Transportation Board (STB) has asked that CSX (NASDAQ: CSX) resubmit its application seeking permission to acquire New England short line Pan Am Railways. Filing the application as a “significant” transaction would enable the board to have more time to mull over the acquisition and determine whether any market competition would be lost.
“Based on the information the board has about the possible competitive impacts today, the board is unable to conclude at this stage that any...
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